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Markets brace for US jobs report, with White House telling investors ‘they shouldn’t panic’ – business live

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. It’s non-farm payrolls day! The eagerly-awaited US jobs report is out today, and the White House has been trying to moderate expectations. Peter Navarro, senior counselor for trade and manufacturing to Donald Trump, was speaking on Fox News last night. We have to revise our expectations down significantly for what a monthly job number should look like.

Markets brace for US jobs report, with White House telling investors ‘they shouldn’t panic’ – business live

Credit: Theguardian

Key Highlights

  • When we were letting in 2 million illegal aliens a day we had to produce 200,000 [jobs] a month for steady stay.
  • Now 50,000 a month is going to be more like what we need.
  • Wall Street, when this stuff comes out, they can’t rain on our parade, they just have to adjust for the fact that we’re deporting millions of illegals.
  • When asked whether the number would be weak, he rowed back and said no, but stressed that investors need to expect smaller numbers in future.[A person can’t be illegal – see here.]Navarro: "The jobs report comes out tomorrow.
  • We have to revise our expectations down significantly for what a monthly job number should look like ...
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Sources

  1. Markets brace for US jobs report, with White House telling investors ‘they shouldn’t panic’ – business live

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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